Cantor Fitzgerald & Co. (“Cantor”), a global investment bank and part of the Cantor Fitzgerald group of companies, said it has launched institutional trading for prediction markets, becoming one of the first full-service investment banks to give institutional clients access to block trading in event contracts — instruments that settle based on the outcome of real-world events such as elections, economic data, and weather — on a CFTC-regulated exchange.

Cantor will serve as an Introducing Broker, arranging and facilitating institutional-size block trades in event contracts for institutional clients. The firm said this will allow clients to negotiate block trades at a single price through Kalshi’s block trading framework, away from the central order book, the same privately negotiated execution format long used in equities and futures markets, where working a large order through public markets can move prices against the trader. Cantor is also working with Susquehanna Predictions, part of the Susquehanna International Group of Companies, a liquidity provider in prediction markets, to provide institutional-scale pricing and liquidity for its prediction markets coverage.

The company said it is applying the institutional trading model it has developed across equities and fixed income to a new regulated asset class. The business will operate within Cantor’s Global Markets division under Co-CEOs Pascal Bandelier and Christian Wall. Initially, Cantor will facilitate block trades on Kalshi, a CFTC-regulated exchange, with additional venues expected to follow.

“Cantor has spent more than eighty years building institutional access to new markets, and prediction markets are the next one,” said Pascal Bandelier, Co-CEO and Global Head of Equities at Cantor. “Prediction markets are growing rapidly, but institutional participation has not kept pace because investors have lacked the ability to transact at scale on a regulated exchange. The liquidity is here. With the launch of block trading, institutional investors can now access block trading in event contracts through an institutional intermediary they know and trust.”

“Cantor brings deep institutional relationships and significant experience executing in equities and fixed income markets,” said Max Crowley, VP of Business Development at Kalshi. “We’re looking for partners who think creatively about where event contracts fit in a client’s portfolio, and who see the new use cases and hedging opportunities that come with it. Cantor is exactly that kind of firm.”

Kalshi lists CFTC-regulated event contracts across categories including elections, economic data releases, and Federal Reserve policy outcomes. Prediction markets drew broad public attention during the 2024 U.S. election cycle, when major platforms reported record trading volumes, and retail brokerage Robinhood began offering Kalshi event contracts to customers in 2025, extending the asset class’s reach beyond specialized traders.

Susquehanna said it is the first quantitative trading firm to build a dedicated prediction markets business and is among the most active liquidity providers in event contracts. Susquehanna International Group has a decades-long history as a market maker in listed options and equities, experience the firm said underpins its pricing capability in event contracts.

“We believe the next area of material growth for prediction markets will be large institutional risk transfer,” said Joe Grubb, Head of Business Development at Susquehanna Predictions. “We are able to price and execute custom, tailored contracts for institutional counterparties desiring to hedge both general market and bespoke industry risk currently unserved by traditional insurance markets. Our ability to do so quickly and at scale will provide a valuable solution to this unmet market demand.”